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White House Nominates Former House Aide for Republican CFTC Vacancy; CME Group Announces Record Open Interest of 125.7 Million Contracts; Global alert to prepare for fresh cyber attacks John Lothian Newsletter,Newsletter

First Read How Do You Save the Capital Markets? Kennedy Looks to Lead Market Revamp By Jim Kharouf, JLN Nasdaq’s Kevin Kennedy is my new hero. The senior vice president and head of equity options, on stage at the Options Industry Conference last week, spoke about taking the lead on a new initiative to change the existing financial and regulatory structure for financial markets. And he urged the other exchange executives from the other four major options markets to join him. In today’s political environment, it takes courage for someone to stand up and say they want to fix the…

White House Weighs Renominating Ex-House Aide to CFTC; Russell 2000 Index Futures and Options to Return to CME Group July 10; Big US banks defy calls they should be broken up John Lothian Newsletter,Newsletter

First Read Good Friday By John J. Lothian Many markets are closed today for the Good Friday holiday. This was not always the case. I spent many a Good Friday in my day working my trading desk for markets that were open. Yesterday I learned something about the word “Eucharist” when a customer of the Jewish faith wished me “Happy Thanksgiving.” Eucharist in Greek means Thanksgiving. My minister shared this definition during our church’s Maundy Thursday service. Many years ago, when I was on the board of deacons of the church I grew up in, we used to recreate the…

The Black Swan – the new symbol of the United States of America Americas,Banks, Brokers & Managed Funds,Blog,Commentary,Exchanges, OTC & Clearing,Feature,Investing & Trading,Mwiki,Politics,Regulation,Regulation & Enforcement

  Yah baby, Yah! Dodd-Frank, gone. Clearing mandate, gone. Regulations, gone. Low interest rates, no problem. Volcker Rule, gone. Volatility, you bet. Bullish on the exchange sector, you bet. The American voters just unleashed the greatest gift on the world of trading we could have ever asked for. We will now have volatility at all times of the day and night. Binary contracts just became a big thing. Forget about market direction. You better learn to trade volatility. We just made the Black Swan the new symbol of the United State of America. Goodbye Eagle. You want some Twitter rants…